On 21 July, Temasek Holdings released a statement regarding the departure of Mr Charles ‘Chip’ Goodyear as CEO of the company. He was to have assumed the position completely by October 2009 after coming in as CEO Designate in March.
Mr Goodyear’s succession to Ms Ho Ching was announced just earlier this year in February and naturally the appointment got the attention of not just Singaporeans but the global media as well.
That in part was due to Mr Goodyear’s return from retirement and the amount of coverage Temasek Holdings had already received in the previous years, primarily, due to the fall out of the ill fated venture in Thailand with Shin Corp. Which of course proved to be the catalyst for the fall of PM Thaksin Shinawatra and had Thailand in a state of political turmoil that would only show signs of abating recently.
Now with Mr Goodyear’s departure hogging headlines, perhaps the scenario could have been avoided in the first place. It is hardly on par with the negativity that came with the Shin Corp saga but it would have been one less chip (no pun intended) on Temasek Holding’s reputation and image.
Read rest of article here:
http://temasekreview.com/?p=11378
Mr Goodyear’s succession to Ms Ho Ching was announced just earlier this year in February and naturally the appointment got the attention of not just Singaporeans but the global media as well.
That in part was due to Mr Goodyear’s return from retirement and the amount of coverage Temasek Holdings had already received in the previous years, primarily, due to the fall out of the ill fated venture in Thailand with Shin Corp. Which of course proved to be the catalyst for the fall of PM Thaksin Shinawatra and had Thailand in a state of political turmoil that would only show signs of abating recently.
Now with Mr Goodyear’s departure hogging headlines, perhaps the scenario could have been avoided in the first place. It is hardly on par with the negativity that came with the Shin Corp saga but it would have been one less chip (no pun intended) on Temasek Holding’s reputation and image.
Read rest of article here:
http://temasekreview.com/?p=11378
